How 'Tap and Go' Changed the Payments Industry

The video discusses the rise of contactless payments, driven by the pandemic and ecommerce growth. MasterCard's PayPass, introduced in 2002, gained traction through transit systems. The company is exploring biometrics as the next innovation. MasterCard's global tech hubs foster innovation and investment in emerging technologies. The video concludes with insights into company culture and access to technology.

What factors contributed to the growth of contactless payments during the pandemic?

What is the significance of small ticket items in the shift from cash to electronic payments?

How did MasterCard's introduction of PayPass in 2002 impact the adoption of contactless payments?

What future payment method does the speaker suggest could follow contactless payments?

How does MasterCard evaluate the success of its innovation centers?